While farmers were still celebrating a very prosperous 2018, consumers demand was strong, pushing prices higher during the month of January with more than 10usd/mt. Recent tender was not even discounted by participants, confirming low sales from farmers.

Futures fast up following recent cash rally with most consumers activelly buying.

2019-01-18

Let’s just say more buyers than sellers.

Grains and soybean have rallied over resistance. There is no new news on China trade issue. But some feel that China

needs to make and Ag deal soon that could include soybean and pork. China continues to lose hog numbers to the African

swine fever outbreak. Sino Grain, China reserve buyer may have also been asking today for US soybean export prices.

There is also rumors that EU wheat prices have rallied. Some feel Russia supplies may be declining. There is also news that new Asian business for US corn may be happening today. Finally, noon Brazil weather maps went drier today.

If that is not enough both corn and soybeans charts are making a pennant that could suggest a breakout of the recent Trading range. Techies feel the breakout could be on the upside.

While farmers were still celebrating a very prosperous 2018, consumers demand was strong, pushing prices higher during the month of January with more than 10usd/mt. Recent tender was not even discounted by participants, confirming low sales from farmers.

Futures fast up following recent cash rally with most consumers activelly buying.

2019-01-18

Let’s just say more buyers than sellers.

Grains and soybean have rallied over resistance. There is no new news on China trade issue. But some feel that China

needs to make and Ag deal soon that could include soybean and pork. China continues to lose hog numbers to the African

swine fever outbreak. Sino Grain, China reserve buyer may have also been asking today for US soybean export prices.

There is also rumors that EU wheat prices have rallied. Some feel Russia supplies may be declining. There is also news that new Asian business for US corn may be happening today. Finally, noon Brazil weather maps went drier today.

If that is not enough both corn and soybeans charts are making a pennant that could suggest a breakout of the recent Trading range. Techies feel the breakout could be on the upside.